19 Juli 2016, USD/JPY
Daily chart: what is happening is very similar to northern training. If this scenario is correct, then we have to wait for a breakthrough of the upper envelope, and then return to the area of the middle Bollinger band (103.41)
Н4: the price shows a bullish momentum, but because of weak ADX we can assume a certain period of trading inside the corridor 105.34-106.51
Н1: an aggressive bullish ADX indicates willingness of buyers to act not later than support 105.71 (middle Bollinger band) will be touched
Expectations: a rollback to 105.71 and then an upward movement to 106.51
Solutions: purchase from 105.71 to 106.51